Here's How Long It Will Take to Get a Mortgage. Youâre scrolling the online listings, looking for houses, when â boom â the love of your real estate life pops out from the page. Youâve found the perfect home, with the best imaginable location, layout, size, finishes, and price.
A. As the property is a commercial property and the vendor is registered for GST the sale of the property to you will be a taxable supply.In that case, GST will be either nothing or charged at 12.5 per cent.ou could claim a GST deduction on the purchase price of an untenanted commercial property if you acquired it for the principal purpose of making taxable supplies and registered for GST.
Implications of accruals for GST. Small businesses whose annual turnover is less than $2 million and greater than $75,000 are able to choose to register for GST on either a cash or non-cash (accrual) basis.